How To Qualify For The NACA Program (How To Get Approved For The NACA Program). In this video tutorial I will show you how to qualify for the NACA Program.

NACA is a program that gives low to moderate-income borrowers an opportunity for affordable education and home loans.
Here is what you need to qualify for the NACA program;
• You must be willing to be a NACA member. The current yearly dues for NACA membership are $25.
• You must be willing to live within the purchased NACA house property after closing.
• You must not own other home properties. NACA prohibits its member from owning other home properties to allow members who genuinely need affordable housing to acquire them.
• You should have a good payment history within the last 12 months. Naca relies on your payment history to confirm if you can pay for the NACA home property you want to acquire.
• Your monthly debt payments must be less than 40% - 43% of your gross monthly income.
• You must be willing to participate in 'Payment shocker savings' if your current monthly house rent is less than your new mortgage payments. For example, if your house rent is $1000 and the mortgage monthly payment is $1300, you will be required to save $300 for at least 3-6 months to qualify for the NACA program.


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